The following is an archived copy of a message sent to a Discussion List run by the Campaign Against Sanctions on Iraq.

Views expressed in this archived message are those of the author, not of the Campaign Against Sanctions on Iraq.

[Main archive index/search] [List information] [Campaign Against Sanctions on Iraq Homepage]

[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

latest Oil for Food figures

Wednesday December 2, 11:34 PM

Iraqi oil exports raised just over three billion dollars: UN

BAGHDAD, Dec 2 (AFP) - The oil exports of sanctions-hit Iraq over the past
six months generated a total of 3.04 billion dollars, the United Nations
announced on Wednesday. 

The UN sanctions committee, meanwhile, has since June approved 114 million
dollars worth of Iraqi contracts for oil spare parts from a total of
almost 200 million dollars worth of contracts submitted by Iraq. 

During the last 180-day phase of the UN oil-for-food accord, 308 million
barrels of oil was exported in 252 liftings, according to a statement from
the UN's Iraq programme. 

It said 52 percent of Iraqi crude was sold for use in Europe, 38 percent
in the United States, and 10 percent in Asia. 

Out of the 3.04 billion dollars in revenue, around two-thirds goes toward
humanitarian imports and the rest to pay compensation for the 1991 Gulf
War over Kuwait and to finance UN operations in Iraq. 

Baghdad has reluctantly accepted a six-month renewal of the UN programme
while calling for a lifting of the oil embargo in force as part of
sweeping sanctions imposed on Baghdad for its 1990 invasion of Kuwait. 

The agreed target for the last phase -- the fourth -- was to raise 4.5
billion dollars, but the total revenue was only two-thirds of the amount
because of low oil prices and delays in receiving spare parts. 

The programme is obsolete and fails to meet Iraq's humanitarian needs,
according to Baghdad, which accuses Washington of working within the
sanctions committee to block Iraqi contracts. 

The United Nations also said Wednesday that an additional 23 contracts
were approved last week for Iraq to purchase spare parts for its
war-devastated oil industry. 

But 100 contracts valued at 35 million dollars are still on hold. 

Iraq was authorized in June to import 300 million dollars worth of such
parts, and the same amount was allocated for the new oil-for-food term
which started November 27. 

Out of the approved contracts, a first small consignment of which arrived
last week, the largest single deals are for pipeline equipment from
Singapore and Italy. 

On the food front, a first shipment imported via Syria under the
humanitarian programme has reached Iraq by road. Iraqi trucks ferried
10,000 tonnes from the Syrian port of Tartus, newspapers said. 

George Somerwill, spokesman for the UN programme, said it was part of a
consignment of 25,000 tonnes of sugar worth nine million dollars from

This is a discussion list run by Campaign Against Sanctions on Iraq.
To be removed/added, email, NOT the
whole list. Archived at

[Campaign Against Sanctions on Iraq Homepage]